Michael Hurley

BoE suggests ways financial institutions can build on climate scenarios

Financial institutions can improve the relevance of results from climate scenario modelling by 'extending' them to incorporate data from sources such as building Energy Performance Certificates (EPC) ratings, according to research published by the Bank of England.

US launches task force that will study CBAM-style rules

The US government has established a White House Climate and Trade Task Force to study ways it can tackle "carbon leakage, carbon dumping, and embodied carbon in general" and draw lessons from the EU's Carbon Border Adjustment Mechanism (CBAM).

US lawmakers approve bill seeking to block SEC climate rule

Most businesses will not comply with CSDDD even by 2030, survey predicts

EU and UK business leaders say they expect at least half of their supply chains will not be compliant with the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD) in the next two years, and most businesses will not fully comply by 2030.

IOSCO to study risks from new green financial products

EFRAG calls for help in devising ESRS guidance on transition plans

Global guidance on transition plans would be welcome, NGFS says

Gabon's debt-for-nature swap 'still works' despite coup, LGIM says

A 'debt-for-nature swap' designed to provide $160 million of funding for ocean conservation projects in Gabon "still works" despite a coup led by the country's army, a prominent investor in the deal told an Environmental Finance event.

Sustainability-linked loan model 'may have been ahead of its time'

The model for sustainability-linked loans "might have been ahead of its time" in the leeway it gives borrowers to choose which sustainability-related indicators they will be judged against, an Environmental Finance conference heard.

Rise of transition plans could remedy regulatory 'failure' to boost transition finance